Materion Corp - MTRN STOCK NEWS

Materion Corporation (NYSE: MTRN) is set to participate in CL King’s 20th Annual Best Ideas Conference on September 12, 2022. Key executives, including Jugal Vijayvargiya, Shelly Chadwick, and John Zaranec, will engage in virtual one-on-one meetings with investors. Materion, located in Mayfield Heights, Ohio, specializes in providing advanced enabling materials including specialty metals and engineered alloys to global markets.

Materion Corporation (NYSE: MTRN) has declared a third quarter 2022 dividend of $0.125 per share. This dividend will be paid on September 8, 2022, to shareholders of record as of August 24, 2022. Headquartered in Mayfield Heights, Ohio, Materion supplies specialized materials, including precious and non-precious metals, chemicals, and engineered beryllium alloys, to global markets.

Applied Industrial Technologies (NYSE: AIT) has appointed Shelly M. Chadwick, Vice President and CFO of Materion Corporation (NYSE: MTRN), to its Board of Directors. Chadwick brings over 20 years of financial and operational experience, previously holding senior roles at The Timken Company and other organizations. Chairman Peter C. Wallace welcomed her addition, stating it will enhance governance during a critical growth phase as the company approaches its centennial. The board now consists of nine members, with eight being independent.

Materion Corporation (NYSE: MTRN) will participate in the Seaport Research Partners Annual Summer Investor Conference on August 24, 2022. Key executives, including Jugal Vijayvargiya, Shelly Chadwick, and John Zaranec, will be available for virtual one-on-one meetings with investors throughout the event.

Headquartered in Mayfield Heights, Ohio, Materion supplies advanced enabling materials, including specialty metals and engineered alloys, to global markets.

Materion Corporation (NYSE: MTRN) reported impressive second quarter results, achieving record net sales of $445.3 million, a 33% increase in value-added sales to $277.2 million, and a net income of $1.12 per share. Adjusted EBITDA reached a record $47.0 million, up 44% year over year. The company reaffirmed its 2022 adjusted EPS guidance to range between $5.50 and $5.90. Key developments include a new advanced chemicals facility and a $6 million investment from a leading EV battery customer, bolstering Materion's position in semiconductor and EV applications.

Materion Corporation (NYSE: MTRN) has announced the opening of a new 150,000 square foot facility in Milwaukee, Wisconsin. This expansion aims to boost the production of Atomic Layer Deposition (ALD) materials for semiconductor chips and advanced chemicals for electric vehicle (EV) batteries. The facility is set to ramp up production in the first half of next year, responding to customer demand for innovative technologies in high-growth markets. A key customer is investing $6 million to establish a prototype line at the facility.

Materion Corporation (NYSE: MTRN) has partnered with Kairos Power to establish a Molten Salt Purification Plant (MSPP) in Elmore, Ohio, to produce Flibe, a molten salt coolant for nuclear energy. This facility is entering its start-up phase, aimed at supporting clean energy initiatives. The collaboration, formed in 2020, focuses on providing an affordable, reliable supply of salt coolant for high-temperature molten salt reactors, potentially transforming global energy sources. Materion is the sole domestic supplier of beryllium fluoride needed for Flibe, emphasizing its commitment to advanced nuclear energy solutions.

Materion Corporation (NYSE: MTRN) will announce its Q2 2022 financial results on August 3, 2022, before market opening, followed by a conference call at 9:00 AM ET. Key executives, including President Jugal Vijayvargiya and CFO Shelly Chadwick, will present during the call. Interested participants can join via phone or access a live webcast through the company's website. A recorded playback will be available until August 17, 2022.

Materion, headquartered in Mayfield Heights, Ohio, specializes in advanced materials such as specialty metals, chemicals, and engineered alloys.